Abrigo

MARCH 21, 2023

If an institution wasn’t fully prepared, however, it can nevertheless meet its goals using tailored asset/liability management (ALM) strategies. A core deposit analysis can arm decision-makers with confidence moving forward, knowing they have detailed information and data backing their next moves.

Risk Management 195

Risk Management Management Strategy Lending 195

PYMNTS

APRIL 30, 2020

Supplier risk management is often a resource-intensive practice and rarely a target of technological investments. As a result, corporates will often let their vendor relationship management processes fall by the wayside. Unprecedented Risk. ” A Dramatic Shift. The New Normal.

Risk Management 148

Risk Management Management Analysis Strategy 148

Abrigo

MAY 19, 2016

Monitoring credit risk management, interest rate risk and banks’ ability to stress test loans affected by low oil prices are among the priorities for supervisors at the Office of the Comptroller of the Currency (OCC) these days, according to the agency’s recent mid-year status report on its operating plan.

Risk Management 150

Risk Management Management Analysis Resources 150

Abrigo

SEPTEMBER 6, 2024

Keep me informed Download Summary of FinCEN's real estate rules Understanding FinCEN's new real estate and investment adviser rules The real estate transactions rule mandates reporting by certain professionals involved in real estate closings and settlements for non-financed residential real estate transfers (i.e., cash purchases).

Compliance 195

Compliance Training Fraud Regulation 195

Abrigo

JUNE 28, 2023

Share these reports on AML activities to inform directors Reporting to the board on AML and fraud compliance is an essential obligation. Here are several types of reports that provide vital information. You might also be interested in this AML/CFT risk assessment checklist.

Compliance 195

Compliance Fraud Report Trends 195

Abrigo

OCTOBER 23, 2014

Community banks certainly want to remain conservative with risks and follow regulations. But shareholders also expect profitability and growth, while keeping costs, especially those related to regulatory compliance, down. The regulatory compliance aspect is critical, CEIS notes.

Risk Management 186

Risk Management Management Lending Resources 186

PYMNTS

SEPTEMBER 23, 2019

Financial crimes risk management software company Quantifind and Oracle Financial Services have teamed up to improve anti-money laundering (AML) compliance and to add intelligence and automation properties directly into the compliance workflows, according to a release.

Compliance 164

Compliance Software Risk Management Management 164

Insights on Business

JANUARY 3, 2019

To thwart cybercriminals and meet regulatory requirements while also managing costs, institutions should consider adopting a centrally managed platform and related services to create a consistent and scalable control framework. Three pillars of cyber risk management on the cloud.

Risk Management 128

Risk Management Management Regulation Guidelines 128

Perficient

APRIL 2, 2021

The agencies collectively announced a request for information (RFI) to gain input from stakeholders including financial institutions, trade associations, and consumer groups. Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. Risk Management.

Regulation 309

Regulation Industry Risk Management Analysis 309

PYMNTS

APRIL 26, 2018

While these challenges remain, firms must also assess and manage risks related to human rights, war, economic turmoil, foreign exchange volatility, cyberattacks and the implications of noncompliance. Today, supply chain and supplier risk management is a beast. More and more, we encourage the flow of communication.

Risk Management 136

Risk Management Management Compliance Regulation 136

PYMNTS

AUGUST 9, 2020

Due to the SAP Ariba Network, suppliers have access to better visibility for invoices and orders, with the ability to self-manage account information, submit invoices electronically and receive new purchase orders.

Google 362

Google America Risk Management Regional 362

Bobsguide

MAY 14, 2022

Selected partners will deliver independent assessments and provide additional perspectives in specified areas that could be included in assessing the Banks’ risks and/or reviewing Banks’ compliance with the regulatory requirements.

Compliance 145

Compliance Risk Management Analysis Maine 145

Perficient

FEBRUARY 23, 2021

The data collected by the FR 2052a provide detailed information on the liquidity risks within different business lines (e.g., The board uses analyses of systemic and idiosyncratic liquidity risk issues to inform its supervisory processes, including the preparation of analytical reports that detail funding vulnerabilities.

Report 309

Report Risk Management Data System 309

Perficient

FEBRUARY 4, 2021

It helps in other crucial areas of your organization, such as search engine optimization (SEO) and legal risk management. By having an inaccessible site, you are turning away 26% of your overall potential market and expose the organization to compliance violations. Accessibility Belongs in the Design Phase. Heading Structure.

UX 531

UX Guidelines Compliance Study 531

PYMNTS

JUNE 17, 2020

The new solution is cloud-based and will offer a 360-degree view of supply chains, helping to minimize risk and reduce the workload of procure-to-pay staff, the release states. The solution will mitigate and reduce risk by verifying if information pertaining to suppliers is complete and correct. “We

Risk Management 141

Risk Management Management Policies Compliance 141

Perficient

FEBRUARY 15, 2024

These DFS500 amendments signal a crucial shift in the regulatory landscape, emphasizing the imperative for robust governance, risk management, and compliance frameworks across the financial industry. Impacted institutions are subject to significant fines relative to the level of non-compliance identified by the regulators.

Compliance 221

Compliance New York Regulation Analysis 221

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

New York 221

New York Compliance Regulation Analysis 221

Perficient

OCTOBER 30, 2024

In April 2021 a Statement and separate Request for Information on Model Risk Management was issued by FinCEN and the FDIC, Federal Reserve, NCUA, and OCC. In April 2021 a Statement and separate Request for Information on Model Risk Management was issued by FinCEN and the FDIC, Federal Reserve, NCUA, and OCC.

Regulation 221

Regulation FDIC Compliance Innovation 221

Perficient

JANUARY 16, 2024

Regularly review and update policies annually to ensure compliance with current rules and regulations. Ensure all employees , including senior management , are aware of and adhere to those policies. READ MORE: Developing a Third-Party Risk Management Tool Are you ready to optimize your business?

Compliance 221

Compliance Guidelines Policies Risk Management 221

Abrigo

SEPTEMBER 20, 2023

Understanding AML compliance and regulatory expectations. AML compliance is not for the faint of heart. Takeaway 1 Understand the risks associated with your customers beyond the surface level. Takeaway 2 Identify concentrations of risk and try to level out potential clusters. Here are a few tips to help along the way.

Compliance 150

Compliance Regulation Miami Fraud 150

PYMNTS

MAY 11, 2018

Can risk sandboxes become a proving ground for a firm’s competitive edge? Some companies view risk management and compliance as roadblocks to innovation. In an interview with PYMNTS, John Epperson, principal, Crowe Horwath LLP , said for most firms, there is an avoidance of risk when it comes to risk management.

Compliance 125

Compliance Innovation Management Risk Management 125

Abrigo

SEPTEMBER 23, 2024

Lenders often rely on a small sample or on information collected informally or through surveys. Make informed decisions faster. But it’s often difficult to find factual, comprehensive industry-wide data about interest rates on the new loans being made at banks and credit unions.

Lending 221

Lending Trends Risk Management Data 221

Insights on Business

MARCH 19, 2018

Maintaining regulatory compliance is a daunting task. Banks and financial institutions are looking for any advantage they can get to streamline operations and reduce compliance costs. Banks and financial institutions are looking for any advantage they can get to streamline operations and reduce compliance costs.

Compliance 135

Compliance Meeting Regulation Comparison 135

PYMNTS

DECEMBER 29, 2020

With it, financial institutions need to strengthen their compliance to mitigate the risk of running afoul of the law. Certainly, the use and availability of cryptocurrencies is another emerging area that is contending with its own unique set of compliance issues, but it is also one Wingert said appears to be closing gaps in regulation.

Fraud 270

Fraud Compliance cryptocurrency Security 270

Perficient

OCTOBER 24, 2024

As noted at the time by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes. Traditionally, trading was manual.

Regulation 221

Regulation Risk Management Compliance Fraud 221

Insights on Business

JULY 17, 2019

Our goal has always been to provide our customers with the tools and insights that help them meet their governance, risk and compliance (GRC) needs, and we do so, by leveraging the innovation of IBM within a single ecosystem. For more information. The IT Risk Management Magic Quadrant skipped a year in 2018.

Risk Management 110

Risk Management Management Report Compliance 110

PYMNTS

SEPTEMBER 25, 2019

The current regulatory climate remains in its relative infancy for this industry, so marketplace lenders are not only tasked with maintaining compliance but diligently tracking the regulatory landscape to forecast new and changing rules. However, there is a range of other areas of noncompliance risk for these businesses. In the U.S.,

Compliance 117

Compliance Risk Management Lending Regulation 117

Abrigo

OCTOBER 8, 2014

Regulatory compliance. Risk management. Regulatory Compliance. The greatest business concerns for the banks were regulatory compliance, growing loans and managing risk, with regulatory compliance topping the list by a wide margin. Managing Risk. Risk analysis. Loan growth.

Community Bank 191

Community Bank Community Strategy Risk Management 191

Perficient

NOVEMBER 8, 2024

Implementation of Risk-Management Practices and Termination of Noncompliant AI AI policy and review process. All safety- or rights-impacting AI use cases undergo a comprehensive risk impact assessment including validation of all risk-management practices defined in OMB M-24-10 section 5(iv).

Regulation 221

Regulation Risk Management Policies Compliance 221

Perficient

APRIL 11, 2023

In our experience, the control environment and the identification and evaluation of risks are often non-IT risks and are usually documented best via a series of facilitated workshops run by risk management professionals and involving professionals from the front, back, and middle offices.

Risk Management 275

Risk Management Tools United States Exercises 275

Abrigo

DECEMBER 29, 2023

Click the header next to each number to visit the corresponding top banking risk resource. CFPB 1071 rule: Checklist for compliance success Despite efforts to scrap the new small-business lending rule finalized in 2023, financial institutions have continued to prepare to comply. Prepare for the next credit cycle.

Resources 221

Resources Lending Risk Management Policies 221

Abrigo

NOVEMBER 13, 2024

Bank and credit union leaders can use data to inform small business lending Small businesses are showing resilience. Despite borrowing more and tapping credit lines, they're managing leverage and meeting debt obligations, according to Abrigo's proprietary data. Businesses' working capital cycles are longer. A recent U.S.

Lending 221

Lending Meeting Data Risk Management 221

Perficient

NOVEMBER 4, 2024

The report recommended that the agency develop a sector-specific AI Risk Management Framework. Model risk management Banks should review the FDIC’s Supervisory Guidance on Model Risk Management, which outlines the agency’s approach to quantitative models, including those using AI.

FDIC 170

FDIC Regulation Risk Management Compliance 170

Abrigo

MAY 14, 2021

How can financial risk models within the bank or credit union benefit from using the same sheet music? Check out this webinar on Enterprise Risk Management. Takeaway 1 Enterprise Risk Management is a priority for financial institution leaders but still maturing. Compliance and Decision-making. Risk Ratings.

Management 195

Management Risk Management Lending System 195

PYMNTS

JULY 2, 2019

According to the FT , Lloyds closed an estimated 8,000 accounts after customers failed to provide adequate identify verification data — despite the bank requesting that information for three years. It’s the first time that I’ve heard of a financial institution getting stricter in needing that information.”

Compliance 115

Compliance Regulation Data Analysis 115

Jack Henry

JUNE 1, 2020

Governance, Risk, and Compliance (GRC) is a strategy to effectively manage enterprise risk in order to achieve compliance with policies, laws, and regulations.

Compliance 149

Compliance Risk Management Strategy Policies 149

Abrigo

DECEMBER 22, 2023

In this article, lending and credit risk expert Dev Strischek of Devon Risk Advisory Group outlined the keys to construction loan success. Read the blog for information that can help lenders avoid risk before the project begins by planning ahead at the closing table. Community lending software can help get you there.

Lending 221

Lending Risk Management Community Management 221